Daniel Gross on why it’s unlikely that any heavy hitter from Wall Street would deign to take over from the hapless John Snow at Treasury:

Treasury offers only downside. The Bush presidency is hobbling to the finish line. Republicans may lose control of the House or Senate this fall. In the 1980s and 1990s, when Wall Street types like Donald Regan, Nicholas Brady, and Robert Rubin eagerly served, the Treasury secretary had a great deal of policy power. By contrast, the Bush theory of Cabinet government is that secretaries take dictation from the White House. Snow has survived as long as he has largely because of his willingness to stifle any thoughts that stray beyond the confines of White House talking points.